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Bitcoin PUMP UPCOMING This bullish flag pattern is often recurring in the bitcoin charts at least twice a day for the past 3 days. We have only seen bullish breakouts out of these patterns, and it seems as if a new one has just formed on the 1 hour time frame. (Check 1 minute time frame for better view of Support and Resistance levels.) We have finally seen bullish momentum into resistance after about 3 hours of bearish momentum. A pump that could potentially reach $60,000 is near. This advice is only for educational reasons and is not financial advice. Thierry Like for more!
BITSTAMP:BTCUSDLong
by TraderThierry
The current losses of buying 10 $BTC at $60K.A normal post for perspective. A look back at the past, unfortunate buyers who FOMOed into $60,000 USD trades and spot of bitcoin are now almost down 100 grand. Often, we don't expect more than 15% corrections, and we could even expect something as much as 50% in this run. 30k is not out of sight, but at that point is it really a correction or a bear market? Crypto is a risky investment and I would be careful shorting currently down 20%. I would also be very careful if you are a panic seller, as personally a bear market starts when we have sustained time (3 months) at least 15% from an ATH. The lower we get, and the longer we stay there, provides more risk for $BTC to fall. Being down 100k in 2 weeks isn't necessarily something you want to FOMO into all the time. You leverage boys better watch out, thats a choppy map. It only gets worse the higher we go.If you're losing a lot of money due to fomo, zoom out, and wait. We could also see 60k+ within a days time, so do not be fooled, but always be wary of the reality of things. I am betting long, stop me out at 50k if you shall.
BINANCE:BTCUSD.P
by UnknownUnicorn11545969
1
Bitcoin Drop Zone 63,000?After a distribution from ATH's at 58,000, BTCUSD took a breather accumulating between 43k-53k. There is currently no reason it can't go higher especially considering stimulus pushing more money into equities and the US economy. I have marked up the measured moved from Bitcoin's former high and cloned it on to this move. This could be a valuable reference if price continues to trend up. On the chart I have broken down the move up to this point using volume analysis, supply/demand, and auction market theory. For anyone interested I have a tutorial linked.
BITSTAMP:BTCUSD
by crawfordpaul
2
Bitcoin looking healthy when you read between the linesLet’s look at the facts. Major institutions and billion dollar purchases have been dumping into btc recently. So what do you do if you have a million dollars in something and it goes up 10%? Take profits!! Of course. So price starts to dump down. But then what do you do if you realize price is looking cheap…you buy!! Of course. That’s the pump and dump of the short term moves in all of crypto especially BTC. So what you see going on right now and probably for the next few hours if not overnight and as asian markets open, is more slight corrective price action. But what will happen in the next day or two will absolutely blow the bears out of the water. If this move wasn’t going on right now we should all be worried. The fact that this very healthy and within chart analysis price action is going on should make a lot of HODLers happy. New highs here we come. Happy Trading!!
BITSTAMP:BTCUSDLong
by hbayatne
2
BTCUSD: Potential Correction?Hello Investors and Traders, Happy 1 Trillion Bitcoin! Bitcoin have been on an absolute tear this year and last year. With that being said, a correction always come and that is the nature of the market. If you look at Bitcoin history, you will noticed that Bitcoin have a major correction after a major run. A closer look and you will see Bitcoin typically have a red month after 5 consecutive green months; beside the time in 2013. But the two most recent times, Bitcoin only went to 4-5 months green back to back. Not only does this confluence with the 1.618 Fib extension adjusted to log scale. This gives me a high probability that there is a major correction sometime in March and I will be looking to take decent profit off the market. The correction could be the biggest we have seen yet during this bull cycle. It won't be as harsh as last March. I know there will be people who will say "this time is different". Which is the farthest from the truth. The times are never different because the players are always the same; people. I believe Bitcoin will be $120k minimum the end of 2021, but taking profits at reasonable levels to buy back lower will only up your Sats. Let me know what you think.
COINBASE:BTCUSDShort
by Abdorhman-Thi
BTCUSD retracing to continue uptrend or is it going to crash?Hey guys, I dont trade BTCUSD, I am not holding any BTC as well, but just analysing for some of you shmucks. Please do like, comment and follow for more analysis. I would appreciate it. :) On daily, we can see it has broken the TL, but it hasnt broken the zone. You can see the rejections pointed by the arrows. (Remember zones are stronger than trendlines) It has to break the zone to break the uptrend, so it still in an uptrend. Looking at this, I think we might be making a higher low to continue upwards and go to 60k to make a higher high. But ofc, if it breaks the zone, then I see 40k as the next zone it could go to.
BITSTAMP:BTCUSD
by saynfx
5
Should we Sell ? NOOO PANIC Selling!!!Hi guys with Rae, It's getting crazy we could fall to the strong support around 38-40K level with all the bad news around the crypto space, anything is possible, perhaps it is an option to get in cheaper for the large instutions. Elon muks had said in a tweet 3 days ago that he finds the prices of Ethereum and Bitcoin to high. But i think that this correction is good for the long term we could reach 60-65 k witihin Weeks/Months #HODL Strong. Have a great days moonboys! Don't get rekt trading with Leverage.
BITFINEX:BTCUSD
by Rae_Crypto
6